1. Proportional placement means that the amount of funds subscribed by investors in the market exceeds the upper limit of fund size. In order to be fair, fund companies have to distribute and sell to investors in proportion to the original scale and the total amount raised. For example, the size of an initial fund is only 654.38+0 billion, and the size of the fund subscribed by investors is greater than 654.38+0 billion. It is impossible for investors who buy in the future to brush off, so we adopt a proportional placement so that all investors can buy funds, that is, only part of the subscribed amount can be traded, and the rest will be returned to the payment account.

2. Placement ratio = restricted sales scale/total effective subscription during the raising period ×100%; Confirmation amount of investor's subscription application = effective subscription application amount submitted during the raising period × placement ratio. For example, the upper limit of a fund's issuance scale is 654.38+000 billion, and the total amount of investors' final subscription application in the market is 20 billion. Placement ratio = limited offering scale/total number of valid subscription applications during the offering period ×100% =100/200×100% = 50%; If Xiao Li's subscription amount is 654.38+ 10,000, the final tradable amount = 654.38+00× 50% = 50,000.

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The biggest difference between the 1. proportional placement fund and the previous fund issuance method is that investors no longer queue up when subscribing for new funds. All valid subscription applications can be confirmed as long as the scale of raised funds does not exceed the prescribed upper limit. If the scale limit is exceeded, the customer's subscription application will be confirmed in proportion, that is, the amount subscribed by investors can only be partially completed. Although only a part of the funds can be traded, investors who apply for effective subscription during the actual fundraising period can trade a certain proportion, which also reflects the principle of fairness.

Second, for example, the upper limit of the issuance scale set by a fund does not exceed 654.38+000 billion yuan. If the subscription amount (excluding interest) exceeds the upper limit of 654.38 billion yuan, the customer's subscription application will be confirmed in proportion (regardless of the subscription order). The confirmation ratio is: placing ratio = 65.438+RMB 000 billion/total effective subscription during the raising period; Confirmation amount of investor's subscription application = effective subscription application amount submitted during the raising period × placement ratio.